Metro-Detroit Economic Indicators

In December of 2018 the unemployment rate for the State of Michigan was 4.1, an increase from the November unemployment rate of 3.4, according to the most recent data provided by the Michigan Department of Technology, Management and Budget. The State unemployment rate for December of 2017 was 0.6 points below what it was in December of 2018 (4.7). Since April of 2018 the data shows that the unemployment rate for the State essentially leveled out around 4, except when it dropped to 3.4 in November.

The Detroit rate was 0.5 points higher in December of 2018 from the previous month. Also, the December 2018 unemployment rate for Detroit was 0.1 points lower than what it was in December of 2017.

The chart above displays the unemployment rates for each of the seven counties in Southeastern Michigan for December of 2017 and 2018. In December of 2018 Wayne County had the highest unemployment rate at 4.9, with St. Clair County having the second highest regional unemployment rate 4.7. Livingston, Oakland and Washtenaw counties were the only three in the region with unemployment rates below 4 in December of 2018. The unemployment rate for Livingston County was 3.3, the unemployment rate for Oakland County was 3.3 and the unemployment rate for Washtenaw County was 3.1.

When comparing 2017 and 2018, Monroe, Washtenaw and Wayne counties were the only three in the region to experience a decrease in unemployment. Wayne County had the largest decrease at 0.9 points. Livingston, Macomb and St. Clair counties all experienced an increase from 2017 to 2019. Livingston County had the largest increase at 0.2.

The above chart shows the Standard and Poor’s Case-Shiller Home Price Index for the Detroit Metropolitan Statistical Area. The index includes the price for homes that have sold but does not include the price of new home construction, condos, or homes that have been remodeled.

According to the index, the average price of single-family dwellings sold in Metro Detroit was $123,550 in December 2018; this was $490 lower than the average family dwelling price in November. The December 2018 price was an increase of $6,210 from December of 2017 and an increase of $13,430 from December of 2016, an increase of $19,780 from December of 2016 and increase of $26,570 from December of 2014.

Communities Continue to Opt Out of Michigan Recreational Marijuana

In November of 2018 the State of Michigan legalized recreational marijuana. And, while recreational marijuana facilities have not made their way into any municipality yet (the state has until November 2019 to work out logistics to allow such facilities to operate), several municipalities have already opted out of allowing them. Under the Michigan Regulation and Taxation of Marihuana Act, every municipality is considered to be “in,” or to allow medical marijuana facilities, unless the elected body of a municipality votes to opt out through an ordinance or resolution (an ordinance is preferred for legal matters). According to the Michigan Department of Legal and Regulatory Affairs, 48 municipalities in Southeastern Michigan have opted out, with the city of Monroe being the first in the state. Even though almost 50 municipalities in Southeastern Michigan, more than 60 in the state of Michigan, have opted out of allowing recreational marijuana, the ordinances that allowed them to opt out can be changed, allowing them to opt back in. As the map below shows, the highest concentration of opt out communities in Southeastern Michigan is in northern Macomb and St. Clair counties. In that area alone there are 12 communities that have already opted out of allowing recreational marijuana facilities. Wayne County has the highest total number of opt out communities at the county level at 13; Macomb County has the second highest number at 10.

Reasons why municipalities have opted out include wanting to wait to see how the state will regulate recreational marijuana facilities, wanting to further amend their own zoning regulations for such facilities and not wanting such facilities within the boundaries of their municipality at all.